Hints and tips:
...JPMorgan is looking to expand that to 6,000 by 2025 but it is still dwarfed by rivals Morgan Stanley, which has about 16,000 financial advisers, and Bank of America, which has more than 13,000 at its Merrill...
...This has greatly strengthened the moral hazard,” David Cui, strategist at Bank of America Merrill Lynch in Hong Kong, wrote in a recent research note....
...That same year, I was sitting in Washington with Stan O’Neal, the slave’s grandson who rose to become head of Merrill Lynch....
...Merrill Lynch has itself already been swept up in the tumult. Riddled with sub-prime-related problems of its own, it was sold to Bank of America in September....
...The purchase by Bain Capital, KKR and the Merrill Lynch unit of Bank of America symbolised a sector apparently at the height of its powers....
...Billions of euros of bad loans, collapsing investor trust, a spillover into the political arena as banks turn to governments for bail-outs, and a bickering European political elite that has been unable to...
...That was short-lived, as Lewis struck deals to acquire Fleet Financial Group in 2003, MBNA in 2005, LaSalle Bank in 2007 and Countrywide Financial shortly thereafter....
...Its ventures into western banks such as Merrill Lynch – in which it became the largest shareholder – and Barclays have yielded losses due to the recession....
...Bank of America quickly announced it had entered merger discussions with Merrill Lynch, while Barclays withdrew from the race....
...takeover by Bank of America of Merrill Lynch and the US government rescue of AIG, the country’s largest insurer: a single one of these would have constituted a big financial crisis in the 1980s or 1990s...
...As a result US banks are tightening lending amid a reduced tolerance for risk, a Federal Reserve loan officer survey showed on Monday....
...As senior economist at Saudi Arabia’s National Commercial Bank she was the only woman among a workforce of 4,000 men, and in 2005 she became the first woman to head a Saudi bank when she co-founded Gulf...
...But in a recent presentation prepared for a Merrill Lynch’s banking conference, Botín said Banesto was well positioned in the face of market turbulence and the bank expects to gain further market share over...
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